RBI Refund Rules For Paytm, PhonePe or other Mobile eWallets

1 min

Now Getting Refund from PayTm, PhonePe, Freecharge, Mobikwik etc will be easier – Reserve Bank of India (RBI) has set up new rules for unauthorized or fraudulent transactions take place on mobile ewallets like Paytm, PhonePe, Freecharge etc or any other Prepaid Payment Instrument (PPI).

This new rule will protect the end users in case of any fraudulent or unauthorized transaction happening from such ewallets. RBI has mandated that mobile ewallet will be provided the same safety as given to regular credit or debit card holders.